Anite Group PLC
22 May 2007
Tuesday, 22 May 2007
Anite Group plc
Year End Trading Update
Anite Group plc ('Anite' or 'the Group'), the worldwide IT solutions and
services company, today announces a trading update for its financial year ended
30 April 2007.
Anite's results (before amortisation of intangible assets and exceptional items)
are expected to be in line with the Board's expectations. Year end net debt
stood at £22.6m (2006: net cash £36.3m), reflecting the cost of the acquisitions
of Nemo and Invenova and the SoV settlement.
The Group expects to report its preliminary results for the year in early July
2007.
Commenting on today's update, Steve Rowley, Anite's Chief Executive, stated:
'We finished last year strongly and look forward to reporting a good set of
final results in July. The transformation of Anite from a UK-centric, public
sector and IT consulting and services business into a leading global software
business with a stronger focus on wireless telecoms continues.'
- Ends -
Anite Group plc www.anite.com
Steve Rowley, Chief Executive 01753 804000
Christopher Humphrey, Group Finance Director
Smithfield 020 7360 4900
Reg Hoare/Tania Wild
Print resolution images are available for the media to view and download from
www.vismedia.co.uk
Notes to editors
Anite is an international IT solutions and services company whose primary
business is the provision of business critical solutions based on its deep
sector knowledge of the wireless telecoms, public sector, and travel markets.
These solutions almost always include at their core the supply of Anite-owned
software products. The Group offers a comprehensive service to its customers,
including implementation, systems integration, maintenance and managed services,
enabling it to maximise customer satisfaction and financial returns.
Headquartered in the UK, the Group now employs around 1,300 staff in 12
countries across Europe, America, and Asia Pacific. Anite solutions are
recognised as market leaders in their fields:
• all the leading global mobile phone manufacturers use Anite software
• 3 out of 4 UK Local Authorities use Anite applications
• around 40% of UK package holiday bookings were made using Anite software
and managed services in 2005
Wireless (formerly Telecoms)
Anite provides specialist systems and software for mobile phone network
simulation and handset testing, and following the recent acquisition of Nemo,
testing solutions for measurement and analysis of air interface between mobile
terminals and radio access network around the globe, for leading mobile phone
manufacturers, operators, component manufacturers and test houses.
Public Sector
Anite is a market leader in software and solutions to key parts of local
government, such as local tax collection, benefits payments, housing management
and social care solutions - as well as an important supplier of secure
information solutions to the law enforcement markets.
Travel
Anite is the UK's leading travel technology solution providers for tour
operators, air fare consolidators, and cruise, ferry, motor and rail inclusive
operators.
Anite Deutschland (formerly International)
Anite's German consultancy business focuses on IT consultancy and systems
integration in a range of vertical markets including finance, telecoms and
public sector.
This information is provided by RNS
The company news service from the London Stock Exchange
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